Mount Baker Housing Association
- Assets
- $87.9m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 16
- Location
- Seattle, WA
- Founding
- 05/1993
- Data as of
- 12/2021
- EIN
- 91-1402983
Organization Overview
Mount Baker Housing Association is located in Seattle, WA. The organization was established in 1993. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Mount Baker Housing Association employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Baker Housing Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Mount Baker Housing Association generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE LIVES & STRENGTHEN COMMUNITIES IN SE SEATTLE BY CREATING QUALITY AFFORDABLE HOUSING & SUPPORTING OUR RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOUNT BAKER HOUSING ASSOCIATION OWNS AND MANAGES ONE RESIDENTIAL PROPERTY, AND ITS AFFILIATES (TOGETHER THE ORGANIZATION) OWN SIX RESIDENTIAL PROPERTIES AND FIVE DEVELOPMENT SITES, FOR A TOTAL OF 357 UNITS OF AFFORDABLE HOUSING IN SOUTHEAST SEATTLE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Tan Executive Director | Officer | 40 | $187,080 |
Barry Baker Senior Housing Developer | 40 | $124,920 | |
Michael Rooney Executive Director | Officer | 40 | $96,280 |
Walter Zisette Board Secretary | OfficerTrustee | 2 | $0 |
Russ Woodruff Board President | OfficerTrustee | 3 | $0 |
Sue Cary Board Vice President & Treasurer | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beacon Development Croup Developing | 12/30/21 | $425,000 |
Restorical Research Inc Real Estate Developer | 12/30/21 | $570,978 |
Runberg Architecture Group Real Estate Developer | 12/30/21 | $338,799 |
Barrientos Ryan Llc Real Estate Developer | 12/30/21 | $181,000 |
Pursuit Projects Llc Developing | 12/30/21 | $169,190 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $260,153 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,402 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $264,555 |
| Total Program Service Revenue | $4,851,497 |
| Investment income | $647,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,764,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $317,480 |
| Compensation of current officers, directors, key employees. | $84,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $721,247 |
| Pension plan accruals and contributions | $68,071 |
| Other employee benefits | $150,797 |
| Payroll taxes | $97,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,661 |
| Fees for services: Accounting | $59,561 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $335,885 |
| Advertising and promotion | $0 |
| Office expenses | $33,439 |
| Information technology | $113,436 |
| Royalties | $0 |
| Occupancy | $1,077,499 |
| Travel | $2,975 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $853,732 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $639,538 |
| Insurance | $145,950 |
| All other expenses | $803,158 |
| Total functional expenses | $5,437,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,852,260 |
| Savings and temporary cash investments | $3,932,630 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $105,251 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,170,184 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $37,515 |
| Net Land, buildings, and equipment | $53,948,129 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $328,008 |
| Intangible assets | $0 |
| Other assets | $13,483,650 |
| Total assets | $87,857,627 |
| Accounts payable and accrued expenses | $581,206 |
| Grants payable | $0 |
| Deferred revenue | $4,729 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $85,516 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $43,865,865 |
| Unsecured mortgages and notes payable | $10,449,732 |
| Other liabilities | $3,757,947 |
| Total liabilities | $58,744,995 |
| Net assets without donor restrictions | $29,112,632 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $87,857,627 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mount Baker Housing Association has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Heffernan Foundation Walnut Creek, CA PURPOSE: 2020 GRANT | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foss Home & Villiage Seattle, WA | $15,479,734 | $20,550,514 |
Foundation For Affordable Housing Inc Bend, OR | $40,186,962 | $24,103,430 |
Village Enterprises Portland, OR | $12,295,539 | $9,652,880 |
Wesley Homes Pierce County Des Moines, WA | $105,823,745 | $1,685,200 |
Fred Lind Manor Bellevue, WA | $11,916,436 | $5,704,617 |
Mount Baker Housing Association Seattle, WA | $87,857,627 | $5,764,017 |
Retirement Community Of Fairbanks Fairbanks, AK | $25,931,909 | $2,843,131 |
Northaven Inc Seattle, WA | $5,372,025 | $2,957,212 |
Christ The King Community Outreach Tacoma, WA | $5,977,714 | $3,001,380 |
Southeast Alaska Independent Living Inc Juneau, AK | $2,403,466 | $3,080,871 |
Hilltop House Inc Seattle, WA | $9,641,333 | $2,325,535 |
North Pacific Homes Inc Gresham, OR | $10,764,437 | $2,745,999 |